Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.146%
Price spread now: Aevo against Lighter+0.128%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.128% dearer against Lighter than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XPL0.097230.0096pay 0.0012% / 1h29m 30s$4.4M$4.2M10x
ShortAevo XPL-PERP0.097350.0104get 0.0013% / 1h29m 30s$29K$18K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$1.68
Price spread: +0.128% → 0.000%
$12.75
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$1.57
Costs to cover
0.160%
Break-even
13.5 days
Slippage unknown: Lighter: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 3 min ago4.62 bp12.9 bp −$1333.0 bp −$330doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XPLUSD−0.0232%1h0.09709−0.144%$564$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0195% / S +0.0560%1h0.09730+0.070%$112K100xas long as short
Backpack XPL_USDC_PERP−0.0075%1h0.09742+0.195%$180K$244K10xas long as short
dYdX XPL-USD0.0000%1h0.09737+0.143%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−22.135%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09737+0.144%$47K$18K25xas long as short
Orderly PERP_XPL_USDC+0.0002%4h0.09711−0.123%$29K$335K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09728+0.047%$60K150xas long as short
OKX XPL-USDT-SWAP+0.0050%4h0.09687−0.370%$8.4M$55.0M50xas long as short
Paradex XPL-USD-PERP+0.0058%8h0.09734+0.109%$13K$2K5xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPLlong+0.0096%1h0.09723long leg$4.4M$4.2M10x
Nado XPL-PERP+0.0100%1h0.09713−0.103%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09716−0.072%$62.7M$47.6M10xas long as short
Aster XPLUSDT+0.0100%4h0.09729+0.063%$247K$513K20xas long as short
Pacifica XPL+0.0100%1h0.09731+0.083%$221K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09722−0.009%$44.2M$109.8M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09721−0.021%$46.9M$57.7M75xas long as short
Bulk XPL-USD+0.0100%1h0.09672−0.528%$141K$7K10xas long as short
Gate XPL_USDT+0.0100%4h0.09725+0.021%$3.0M$3.8M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09730+0.072%$12.9M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09694−0.298%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09710−0.134%$8.6M$11.2M75xas long as short
BingX XPL-USDT+0.0100%4h0.09719−0.041%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09726+0.031%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09730+0.072%$266K$877K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09730+0.072%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09718−0.050%$130K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09730+0.072%$3K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09730+0.072%$196$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09733+0.103%$144K$257K20xas long as short
Extended XPL-USD+0.0104%1h0.09719−0.043%$659K$1.1M25xas long as short
Aevo XPL-PERPshort+0.0104%1h0.09735+0.128%$29K$18K3x
Phoenix XPL+0.0328%1h0.09715−0.082%$197K$657K10xas long as short
Coinbase International XPL-PERP-INTX+0.0496%1h0.09766+0.442%$78K$95K50xas long as short
Kraken Futures PF_XPLUSD+0.4374%1h0.09779+0.581%$555K$1.0M10xas long as short